Spending Answers

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At what point does buying in bulk stop being a wise spending choice?

w
when the consumer has a lot of space to store bulk items
w
when costs rise too quickly due to demand
w
when bulk items are not on sale anymore
w
when the consumer buys more than is needed
2
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This chart shows the actual pricing history for three items.

Question illustration
g
game system
s
smartphone
D
DVD
I
It's most beneficial to buy all now.
3

most

2
20 bottles of soda at $1.50 each
4
4 six-packs of soda at $5.00 each
o
one case of 24 sodas at $18.50
t
two cases of 24 sodas at $18.50 each
4

What is the purpose of comparison shopping?

e
ensuring you are not buying out of emotion
a
attempting to find the best deal on a product
d
determining whether you truly need a product
r
reading reviews to make sure a product is good
8

Which details apply to a financing contract? Check all that apply. requires a credit checkare always less expensive than using a credit cardincludes interest rate informationrequires a signature for rent-to-own agreementscan be broken at any time

A
requires a credit check
B
are always less expensive than using a credit card
C
includes interest rate information
D
requires a signature for rent-to-own agreements
E
can be broken at any time
9

Which activity is done in Step 2 of comparison shopping?

R
Research a product.
A
Assess the purchase objectively.
C
Compare prices and features.
B
Buy a product.
10

Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply. Will I use it more than the allowed lease mileage?Will my family like the car?How long do I want the car?How much do I want to spend?How much do I like the car’s options?

A
Will I use it more than the allowed lease mileage?
B
Will my family like the car?
C
How long do I want the car?
D
How much do I want to spend?
E
How much do I like the car’s options?

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Spending Answers — Financial Literacy WMHS …